VanEck spot BTC ETF rejected by SEC as Bitcoin plunges to $62k
Bitcoin prices fell to $62,200 price levels as the United States' monetary authority, Securities and Exchange Commission (SEC), rejected the proposal of a Bitcoin spot ETF led by VanEck, a global investment manager.
VanEck spot BTC ETF rejected on the grounds of lack of surveillance
According to the notice released by the SEC, the VanEck spot Bitcoin ETF proposal is now rejected. Had the exchange-traded fund been approved, the gates for billions of dollars of institutional investment in Bitcoin would've opened. As mentioned by several crypto holders, the approval of a spot ETF is a 'seminal event' for BTC and, upon approval, could send the prices of the token soaring high.VanEck applied for the Bitcoin spot ETF in January, which would trade on the CBOE BZX Exchange. In the past, the firm has applied for the same multiple times, always failing. As Bitcoin rose towards all-time highs in Jan 2021 and interest in cryptocurrencies surged, VanEck applied once more. After months of discussion, the SEC has finally made the decision to reject a spot BTC ETF.
According to the SEC, the approval requires surveillance-sharing agreements as they "provide a necessary deterrent to manipulation because they facilitate the availability of information needed to fully investigate a manipulation if it were to occur."
The SEC also pointed out that if an exchange can establish that Bitcoin and the cryptocurrency market are "uniquely" and "inherently" resistant to fraud and manipulation, they don't need the surveillance-sharing agreements.
The absence of regulations, transparency, and the susceptibility of cryptocurrencies to frauds and manipulation is something that the SEC strongly disapproves of. As a result, SEC rejected the VanEck BTC ETF.
Bitcoin falls to $62,200
Eric Balchunas, the senior ETF analyst at Bloomberg, took to Twitter to announce the rejection of VanEck's ETF proposal. As a result, Bitcoin fell more than 3% in a matter of minutes, reaching as low as $62,200.However, the plunge wasn't too severe as Bitcoin was back above $63,000 at the time of writing. If the VanEck proposal would've been accepted, the crypto industry would change as we know it.
Continue reading by joining Cryptonary Pro
$1,197/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
